Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Ripple: The Pot Of Gold At The End Of The Rainbow

By AMarkets CompanyCryptocurrencySep 27, 2018 05:03AM ET
www.investing.com/analysis/ripple-the-pot-of-gold-at-the-end-of-the-rainbow-200345821
Ripple: The Pot Of Gold At The End Of The Rainbow
By AMarkets Company   |  Sep 27, 2018 05:03AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 


The crypto market has been buzzing with the talk about the ongoing rally in Ripple for three consecutive weeks now. Ripple is probably one the most undervalued digital coins in the entire crypto industry. Just last week on Tuesday the XRP/USD was quoted around 0.27. On Friday, September 21, however, the bulls were ready to pay 0.77 for this altcoin. Just think about it! A 350% profit in just three trading sessions. Isn’t it this long-awaited pump, that the crypto traders are always in search for.

Jumping ahead, it’s worth noting, that the bullish rally is not over yet. Moreover it has only begun gaining its momentum, so everyone still has a chance climb on the bandwagon and be among those who may discover these unlimited profit making opportunities. The likelihood that Ripple will rise further up is extremely high, and this is supported by the recent news background. For the first time in a long time, the Ripple has become a primary driver in the market, even Bitcoin gave away its the status of the leading crypto asset. We can’t ignore this either. Who knows, maybe we are witnessing the emergence of a new market leader.

But is there any booster for another rally? There sure is. Market participants are closely watching the news on Ripple Labs. Rumors are circulating, that Ripple is planning to launch a commercial version of its new product - xRapid, designed to work as a bridge between different currencies and financial institutions around the world. xRapid looks to be a very promising project, which will allow the processing of cross-border transactions faster and much more cheaper. Fast transactions and lower commissions are the main reasons why Ripple looks so attractive to payment providers and remittance companies. Moving XRP from one wallet to another takes seconds. As for Ripple transaction fees, they are almost free. The standard transaction fee is 0.00001 XRP. In January, when Ripple was selling at $3.29, the fee was $0.00003.

There are even more reasons to expect growth in Ripple. We are talking about its recent partnership with PNC, a top ten bank in the United States with over 2400 retail branches in 19 states. PNC joined some other leading financial institutions and adopted Ripple’s xCurrent technology for cross-border and international payments.

Positive news keeps flooding the market, so we have good reasons to anticipate the XRP/USD growth to the previous high of $ 3.3. With that being said, the decision to buy this digital coin should be made now.

Ripple: The Pot Of Gold At The End Of The Rainbow
 

Related Articles

Crypto Briefing
Cardano Leader Calls Dogecoin Bubble Dangerous By Crypto Briefing - Apr 18, 2021

Charles Hoskinson says Dogecoin prices could collapse, causing regulatory fallout for the crypto industry. Key Takeaways Cardano leader Charles Hoskinson has warned that Dogecoin's...

Ripple: The Pot Of Gold At The End Of The Rainbow

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email